yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How The Democrats Lost Small Business Support


less than 1m read
·Nov 7, 2024

What I think the Democrats missed was when you look at job creation in America, 62% are created by businesses—small businesses, 5 to 500 employees. These are first and second generation family businesses. They are the backbone of the American economy. They are not stupid; they understand the difference between 21 and 28% corporate tax rate because they pay that.

They also understand the difference—and this is very important—of un-taxing unrealized capital gains. That I can assure you was a lightning bolt through that constituency. Every small investor in these people, this is what I do: I'm an advocate for small business in America. That freaked them out.

They thought that was un-American. They thought that wasn't really the American dream—to have the government take money from you before you've realized anything. It was a real shocker. You may remember, including she put proxies out there and advocates to try and pull that back in, you know, saying, "Look, I'll never do that. Congress will never pass that."

But that really affected the psyche of the American small business family, and it cost her a lot.

More Articles

View All
Jessica Mah at Female Founders Conference 2014
Jessica Ma is the founder and CEO of Indinero, a company that takes care of counting payroll and taxes for businesses. Jessica founded her very first company in middle school and started Indinero from her UC Berkeley dorm room, where she was studying comp…
The Real DEFINITIONS of SUCCESS
Everyone wants to be successful, but most people can’t define it because even if they tried, most people would get it wrong. We all know that after $125,000 per year, money no longer contributes to happiness or fulfillment. So, what does it actually mean …
Cybersecurity and crime | Internet 101 | Computer Science | Khan Academy
[Music] Hi, my name is Jenny Martin and I’m the director of cyber security investigations at Semantic. Today, cyber crime causes huge problems for society, personally, financially, and even in matters of national security. Just in the last few years, hun…
How to Make a Kurzgesagt Video in 1200 Hours
For years, people have asked how we make our videos. So, let’s finally talk about it. How to Make a Kurzgesagt Video in 1,200 Hours or More (Kurzgesagt intro) Kurzgesagt in a Nutshell. But first things first, we need a topic. Our potential topic list is…
Charlie Munger SELLS 50% of Alibaba Stock!
Well, big news, guys! I just got back from Melbourne. I’m extremely tired, but Charlie Munger just halved his position in Alibaba. He’s always very quick to release the 13F filings right after the quarter ends, and he has done so once again. So, it showe…
Gerrymandering | US government and civics | US government and civics | Khan Academy
What we see here are two maps of congressional districts. On the left, we see some congressional districts in and around Austin, Texas. This black line shows us Travis County, where Austin, Texas, is. On this right map, we see the congressional districts …